State Electrification Funding.

The State: New Jersey

Which agencies came together to fund state electrification?

• Regional Greenhouse Gas Initiative’s
• New Jersey Department of Environmental Protection

Funding Source: VW Settlement Funds

How will funding be allocated?

•  $37 million to projects that convert dilapidated diesel trucks, buses, port equipment, marine vessels, and trains to electric power
• The remaining monies to be used for EV charging equipment throughout the State.

Cole Schotz | New Jersey Firms Up Funding For Electrification Of Transportation Sector